July 25, 2008

Danieli bags steel mill contract from Suez Steel

It is reported that Italian equipment maker Danieli & Compagnia Officine Meccaniche has won a EUR 260 million contracts from Egypt's Suez Steel Co to build a mini mill.

The integrated mill will produce 2 million tonnes of steel a year and will be built in 30 months. The overall investment in the Egyptian complex will be EUR 550 million.